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Home > Analysis and Commentary, Business, Canada, Economy, Election, Manufactured Home Communities, Manufactured Housing Industry, News, Stocks > POTUS Signs EO, Mercedes Breaks Down New Small Biz Retirement Plan Changes, Plus MH Market Updates

POTUS Signs EO, Mercedes Breaks Down New Small Biz Retirement Plan Changes, Plus MH Market Updates

August 31st, 2018

CNNmoney8.31.2018ManufacturedHomeStocksMarketsReportsMHProNewsAn off the record comment yesterday by the president was apparently leaked, and may have delayed and complicated trade negotiations with Canada. Stocks closed mixed, but is reportedly the best August on record for the markets in 4 years.  Two videos will spotlight the changes for small businesses that are designed to level the playing field. That will cover thousands of small manufactured housing industry businesses. That will be our focus report for this evening.

 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline report is found further belowafter the newsmaker bullets and major indexes closing tickers.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.  Headlines – at home and abroad – often move the markets.  So, this is an example of “News through the lens of manufactured homes, and factory-built housing.” ©

Part of this unique evening feature provides headlines – from both sides of the left-right media divide – which saves busy readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

This is an exclusive evening or nightly example of MH “Industry News, Tips and Views, Pros Can Use.” © It is fascinating to see just how similar, and different, these two lists of headlines can be.

Want to know more about the left-right media divide from third party research?  ICYMI – for those not familiar with the “Full Measure,” ‘left-center-right’ media chart, please click here.

 

Select bullets from CNN Money…

  • Why Coke is getting into the restaurant business
  • After more than 60 years, The Village Voice folds
  • 5 big victims of the meltdown in emerging markets
  • Goldman Sachs is serious about becoming a bank for everyday people
  • WeWork could soon be Manhattan’s largest office tenant
  • Didi’s safety problem is every ride-share company’s problem
  • Apple is expected to announce a new iPhone on September 12
  • BlackRock and Vanguard fought for gun changes yet rubber stamped Sturm Ruger’s board
  • Global slowdown? India’s economy is accelerating
  • Walmart wants to replace Toys ‘R’ Us
  • Google Assistant can now understand two languages at once
  • Tencent’s gaming problems in China just got much worse
  • ZTE took a $2 billion hit but it’ll soon be making a profit again
  • SoFi’s had a rough year. Can it move on?
  • Watch: Tesla speeds over railroad tracks and flies over 100 feet
  • China may soon have a soybean crisis
  • California wants a woman on every company board
  • Sandberg plans to donate all her SurveyMonkey shares
  • ‘Compromised beyond repair’: MoviePass director resigns
  • Papa John’s scorches Papa John in 800-word response
  • Ex-NBC producer who worked on Ronan Farrow’s Weinstein reporting breaks silence
  • NBC responds to ex-Farrow producer allegations
  • Papa John won’t leave Papa John’s alone
  • Alex Jones’ bid to throw out Sandy Hook defamation lawsuit denied
  • It’s time for investors to go on the defensive
  • Dyson’s electric car plans are taking shape
  • Microsoft requires contractors to offer paid parental leave
  • Argentine peso hits record low
  • Argentina hikes interest rate to 60% as its currency plunges

Select Bullets from Fox Business

  • US-Canada trade talks on revised NAFTA break up without deal
  • US stocks close out August with strong showing
  • Trump seeks to update retirement rules, help Americans save more
  • Ford scraps plan to sell Chinese-made Focus in US amid trade war
  • BlackRock voted to remove Musk as Tesla chair
  • Managers at In-N-Out make over 160K salary
  • Wells Fargo probes gender-bias claims by female executives: Report
  • Tesla CEO Elon Musk gets schooled by Warren Buffett
  • Warren Buffett: Apple should not buy Tesla
  • Papa John’s: John Schnatter defied orders, lied about CEO concerns
  • California coffee cancer warnings ‘mislead’ consumers: FDA
  • ‘Madden’ video game maker sued by Jacksonville shooting victim for negligence
  • In-N-Out Burger slam shows the left is intolerant: Varney
  • Gas prices to drop this fall, here’s how much
  • These car brands are tops in customer satisfaction
  • 4 tips on making the most money selling your home
  • How Stumpy’s turned hatchet-throwing into a fast-growing business
  • Stumpy’s Hatchet House: How to throw a hatchet
  • Wells Fargo probes gender-bias claims by female executives: Report
  • JPMorgan to offer free online stock trading service
  • Goldman Sachs to cover breastmilk shipping costs for new moms
  • Tesla treated better by Wall Street than GM, Ford?
  • Gas prices to drop this fall, here’s how much
  • Labor Day car deals for bargain hunters
  • Maker of James Bond’s favorite sports car eyes stock market

Today’s markets and stocks, at the closing bell…

9MarketIndicatorsYahooFinance8.31.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue8.31.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

 

What Does the President’s New EO Mean for Small Businesses?

President Trump signed an executive order on Friday that will affect how you save for retirement, said Fox Business.  The president’s take, from North Carolina today, is outlined in the video below.

 

A White House spokesperson said the measure – which directs the Treasury and Labor Department to consider issuing regulations or guidelines – will look at updating the rules on required minimum distributions for retirement plans, in an effort to allow retirees to stash away more money in their accounts for a longer period of time.

Under current law, retirees are required to begin withdrawing funds from retirement accounts when they turn 70.5.

POTUS Trump is also asking the administration to look into ways to make work-based retirement programs more affordable for small businesses, in order to increase the number of those businesses that offer options.

One potential measure, for example, would be to allow small businesses to band together to offer joint plans.  This would be somewhat similar to what is done under the administration’s plan for health care plans.

According to the Trump administration, only 53 percent of businesses with fewer than 100 employees offer workplace retirement plans, compared with nearly 90 percent of businesses with more than 100 workers that do so.

In addition to reducing costs for more small businesses to offer plans, the order directs federal agencies to look at ways to reduce bureaucratic barriers.

 

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

8.31.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

SoheylaKovachDailyBusinessNewsMHProNewsMHLivingNewsWe Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 


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